-Refer to the graph above.Areas C and D represent:
A)the loss of surplus by consumers resulting from a monopoly.
B)the cost to society of increasing output from Qm to Qc.
C)consumer surplus redistributed to the monopolist.
D)the loss of surplus by producers resulting from a monopoly.

Question

-Refer to the graph above.Areas C and D represent:
A)the loss of surplus by consumers resulting from a monopoly. 
B)the cost to society of increasing output from Qm to Qc. 
C)consumer surplus redistributed to the monopolist. 
D)the loss of surplus by producers resulting from a monopoly.

Quizplus · Accepted Answer

Areas C and D represent the loss of surplus by consumers resulting from a monopoly, as they indicate the reduction in consumer surplus due to higher prices and lower quantities compared to a competitive market.

-Refer to the Graph Above